What Is Optimal Turnover

question 50

Multiple Choice

What is optimal turnover?

• A)It is the lowest turnover that a firm can achieve.
• B)It produces lowest level of long-term productivity.
• C)It produces the highest level of long-term business improvement.
• D)It sees any employee turnover as a loss for the company.

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Definitions:

Income Summary

An account used in the closing process during accounting that accumulates revenues and expenses to determine net income or loss.

Net Loss

The amount by which total expenses exceed total revenues for a business during a specific period, indicating a reduction in equity.

Salary Allowances

Compensation or benefits on top of regular salary, often for specific purposes like housing, travel, or meals.

Net Income

The amount of money a company earns after deducting all its expenses, taxes, and costs from its total revenue.